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Congressman Frank Lends $200,000 To Campaign

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BOSTON (AP) – Congressman Barney Frank is lending $200,000 to his re-election campaign, citing what he said is promised spending by outside conservative organizations in support of Republican rival Sean Bielat.

Frank, who began October with more than $1 million in his campaign account compared with Bielat’s $364,000, said he’s taking money out of his own pocket to fight anticipated spending by independent groups.

Frank said that among them is the conservative Tea Party Express, which has targeted Frank for defeat, in large part because he is chairman of the House Financial Services Committee.

Frank said much of the opposition is due to his role in helping pass a massive overhaul of financial regulations.